Tigo Energy raises $6M for solar panel boost
A Los Gatos company that says it brings together innovations from solar, IT and the semiconductor industry, Tigo Energy has raised a first round of funding for a combined hardware / software designed to improve solar panel installations.
Power output, up-time and reliability are all improved, according to Tigo, speeding payback time and heightening the effectiveness of solar panels.
The $6 million funding was co-led by Matrix Partners and OVP Venture Partners.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.